Bent County register., 1887-11-26
Ordinance Nc. a5.

An ordinances to provide far tlic is.i;c Of
Witn yin wiic. TO purchase system OF Mater
WORKS for the Town OF Lamar 20 f,rocuf. aa-
yer ior nre protection and domestic use, and
and interest thereof.
where's the l;oard OF Tr1istees If said Town
qualified voters OF said Town at a snccial
erection held ON Monday the third day of Oc-
OF the General Assembly OF tie Stale OF Colo
Tauo. entitled AN Act in relation 20 Munich
~ ~. 20 issue series OF Bonds for the purpose
OF procuring funds with which to purchilse a
sSSte,n -, r., OF Water WORKS for fire protection
OF szid authority. and by virtue OF the powers
oi tle boaiFi OF Trustees conferred Icy said Act
:, sc II ordained by the Board of Trustees OF
the Town of Lamar:
See /. rhht there be created an indebted.
Tho. sand Dollars is92 c0oJ, TO be evidenced
by The Issue o. Twenty two bonds numbered
from one 10 Twenty-Five consccutivcly and in
ciunlFt inthe PSI ipal -um Of one Thousand
-oilnI'sfs 81 .0c0} each, in the nume Of the Town
Of Lamar. Colorado, to be called Water
money with which to purchase u system OF
Water Works Ios supplying said Town OF
unestic use
See. 2. The atorsaid bond. shall state in
iie body thereof tne title of this Ordnance
and the tile of the statute OF the State Of
C.I3fado IN pursuance of which they are Is.
Lamar shall be aff!xed thereto and they shall
be signed by the Mayor and attested by the
IN
SeS }: The aforsnid bonds shall bear date
OF the first day OF December \. u. 1887 aud
Hyr nnnuin, payable semi annually on the
FIRST tuy ni juno and the iir-t lay OF Deccin-
bsr OF each and every yrgr, which interest
sinai be eNideiicei by interest coupons at
tacbed to said bonds. signed by tho Recorder
and counteissisned by the Treasurer of snid
Town, ANA siitiil be rcc orded la a book kept
by the iecortier for that purpose.
sec the principal and interest of said
bonds shall be payable mt the office of the
treasurer OF said Town or at the Chemical
National Bank, OF New, York city, mt the op
which option shall be gived to the Treasurer
OF snld fown by the holder or holders there
tue AID payable on the first day of Deccinoer
A-Disa2, but shall be redeemabie on and after
the first day of December H. ID ls,7 the .nii
Bnard OF Trustees may, in their discretion,
call, from time to time, SO many OF the said
bonds as they MAJ wish 10 redeem. by pub
ncwsptpcr published in thc said Town OF
Lamar, a notice stating that ni a certain time
therein specified, certain of said bonds, des-
it-naicu by their numbers, VIII be paid on pre-
seuintinnthere OF Mt the OF iilce OF the rreasllrr
OF said Town or Mt the ChemicaI National
bahH 81 New ORR City, at the option of the
holder or holders thereof idue notice of which
option mast De Ei'en TO the Treasurer ot said
ipNA pH TIE holtct or holders Of such bond
50 called after which date the interest on
tue bends SO called shall cease. Said retieinp-
tion sahh begin with the bond numbered
"ouc' 'snds;;id bonds shall be rclccmhbit. from
number "oHe' to .'tnent, two, = consecutive
,y. until Ill shall be redeemed. Th- Board pf
Trustee OF said II wa may, in their tiiscrc-
tioH, aad with the cunscut Of the holder oy
holders thereof. apply any money in the
Treasury, applicable 20 such use, to the par
chuse Of sue bonds as can be purchased be
fore maturity thereof: and such bond or
bonds. when so p-r hascd. shall Immediately
be Cancelled.
See .. so long As amy OF said bonds shall
remain outstanding aud unpuiG. there shall
he levied aniua ly upon all tax bic property
Of said Town OF Lantr tax of sufficient
amount to pay the nccruein@ interest the re-
on: aud in the year i, d. ia46. and annually
thereafter. 30 ionx any OF said bonds shah
remain ontst- ting and uapRii, there shall
hc levied ia addition TO the aii,r-3id tax, upon
all taxuD3e property in ;he said Town, TAX
snilicicn; IN aInount TO pay one-fifth part OF
the amount OF the principal OF said bonds or
SO much thereof a. niny be nccesaury. All of
which said taxes shall be levied and collected
In the same mnnncr as other Town taxes and
the proceeds thereof shall be applied to the
liquidation of the principal and Interest OF
said boail>, ana said taxes shan be applied,
onty 10 the uses provided for in this ordi-
Nance until such Indebtedness shall have
been paid in fol ,,nd discharged.
see. o. Al! ordinances ana parts of ordl
nluce> iiicoaSiatant with this ordinance are
hereby r.peHicd
Passed, adopted ard approved this 18th day
of Nov y. u. 1851.
tsEALl
AgTE.f. D.F. ooITiIAR, Recorder.